How China’s Anti-Corruption Marketing campaign Impacted Agency Efficiency
William Megginson, Kedi Wang, and Junjie Xia discover in new analysis that the Chinese language Communist Celebration’s anti-corruption marketing campaign produced worse agency efficiency by lowering managers’ danger tolerance. Current administration and finance research have recognized managerial incentives that may induce managers to behave towards the most effective curiosity of shareholders. Empire-building fashions (Williamson, 1964; … [Read more…]